Automotive Acoustic Materials Market worth 2.93 Billion USD by 2022

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MarketsandMarkets Presents

Automotive Acoustic Materials Market worth 2.93
Billion USD by 2022
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coustic-material-market-193996894.html
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The report "Automotive acoustic Materials Market
by Type (ABS, Fiberglass, PP, PU, PVC Textile),
Component (Arch Liner, Outer Inner Dash, Fender
Floor Insulator, Door Trim, Head Bonnet
Liner, Engine Cover, Trunk Trim, Parcel Tray),
ICE EV, and Region - Forecast to 2022 The
increasing sales of ICE and electric/hybrid
vehicles, the rising global demand for premium
passenger cars and enhanced interior cabin
comfort features, government regulations
pertaining to vehicle noise limits, and the
increasing penetration of comfort-related
components in the heavy commercial vehicle
segment are the key drivers for the automotive
acoustic materials market. The market is
projected to grow at a CAGR of 6.99 during the
forecast period, to reach a market size of USD
2.93 Billion by 2022 from USD 2.09 Billion in
2017.. Get the PDF Brochure For This Report
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asp?id193996894 Browse 131 Market Data Tables
and 44 Figures spread through 209 Pages and
in-depth TOC on "Automotive acoustic Materials
Market
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coustic-material-market-193996894.html
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Passenger cars are estimated to hold the
largest market share of the automotive acoustic
materials market during the forecast
period With the rise in vehicle production, the
demand for safety and comfort features has also
increased among the users. As per the OICA
statistics, the passenger cars accounted
approximately 75.9 of the total vehicle
production in 2016. Furthermore, the increase in
the sales of premium vehicles at a global level
is expected to influence the demand for
automotive acoustic materials. As per the same
publication from OICA, the Asia Oceania region
produced close to 60 of the global passenger
cars in 2016, an increase of 9.3 from 2015. The
four countries from Asia OceaniaChina, Japan,
India, and South Korea accounted for 55 of the
global passenger car production, in the same
year. The same growth is projected to continue in
the next few years, and hence, the region is
projected to lead the passenger car automotive
acoustic materials market.  Request Sample of
the report https//www.marketsandmarkets.com/requ
estsampleNew.asp?id193996894
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Under hood engine bay application is estimated
to be the fastest growing market for automotive
acoustic materials from 2017 to 2022 Bonnet
liners, engine top cover, and engine
encapsulation are the key components that absorb
the under hood engine bay noise. The
powertrain-related components have to undergo
extreme vibrations and temperatures. Hence, the
automotive acoustic materials used in such
applications have to cope up with the
requirements. According to the ECE R118
regulations of United Nations Economic Commission
for Europe (UNECE), the insulation material used
in the under hood engine bay application must
have nonflammability certification. Further,
component manufacturing companies using enhanced
materials to achieve the target. The report
profiles key automotive acoustic material
suppliers such as BASF (Germany), The Dow
Chemical Company (US), 3M (US), Henkel (Germany),
Covestro (Germany), DuPont (US), Toray
Industries, Huntsman International (US), and Sika
(Switzerland). Speak to Analyst _at_
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w.asp?id193996894
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